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BHP runs down the clock on $64b Anglo American dream
It is a week since Anglo American rejected an improved takeover bid from BHP, but as a deal deadline approaches, the target and its suitor are steadfast on their own terms.
- Peter Ker
Elders chair overrules shareholders
When 63.6 per cent of shareholders indicate they don’t want to grant a CEO some 180,000 free shares, most chairmen would listen. Not Ian Wilton.
- Myriam Robin
How we can take on Tesla, according to WA’s Roger Cook
WA Premier Roger Cook insists his state’s nickel crisis should not deter major miners from pushing ahead with higher social and environmental standards.
- Tom Rabe
Lithium miners plead ‘foreign entity’ case to US over China links
Lithium miners like Mineral Resources reckon it would be counter-intuitive for their Australian mines to be labelled ‘foreign entities of concern’ by the US.
- Peter Ker
NAB’s pot loan is going up in smoke
For the long-suffering shareholders in listed medicinal cannabis player Cann Group, it’s a case of buy high, sell low.
- Lucas Baird
AMCI launches $47.4m block trade in Jupiter Mines; taps Barrenjoey
AMCI was willing to part with about 7.4 per cent of the company currently under its ownership at 32.5¢ a share, or an 8.5 per cent discount to the last close.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Opinion & Analysis
Star bidders need to answer one big question
That the stricken Star would attract potential bidders is no surprise. But there’s one question buyers will struggle to answer.
Columnist
Star suitor Hard Rock knows a thing or two about the mass market
If a deal proceeds, there’s every chance casinos in Sydney and Queensland will look very different. Just look at their guitar-shaped Florida palace.
The day I predicted the downfall of Tony O’Reilly
Regarded for much of his life as the most successful Irishman in modern history, the industrialist’s charm wasn’t enough to save his business empire.
Senior correspondent
Why WA loves the critical minerals budget boost
Peter Dutton’s refusal to endorse Labor’s plan for production tax credits for critical minerals processing and green hydrogen won’t make him popular in must-win seats in Western Australia.
Columnist
Companies in the News
The Star Entertainment Group
Pilbara Minerals
Wesfarmers
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Updated: May 20, 2024 – 4.40pm. Data is 20 mins delayed.
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Featured
- Analysis
- Due diligence
ARN Media’s M&A record holds out for elusive win
After seven months, the dream of an ARN-Southern Cross combination fell apart. But if history is any guide, M&A has been a source of unease for ARN investors.
- Jemima Whyte
How the west’s miners won over Canberra
The production tax credits on critical minerals processing unveiled in the federal budget were the result of months of careful negotiations that started with a meeting in Perth.
- Brad Thompson
Brookfield’s Healthscope debt trap is a mess for everyone involved
The investment giant is bringing its punchy approach to restructuring – and tactics more often found in the US – to Australia as it works on the hospital group.
- Jemima Whyte
More From Today
- Opinion
- Chanticleer
Star bidders need to answer one big question
That the stricken Star would attract potential bidders is no surprise. But there’s one question buyers will struggle to answer.
- James Thomson
Star suitor Hard Rock knows a thing or two about the mass market
If a deal proceeds, there’s every chance casinos in Sydney and Queensland will look very different. Just look at their guitar-shaped Florida palace.
- Primrose Riordan and Zoe Samios
Former Star CEO accuses board of being involved in regulator stoush
The barrister representing Robbie Cooke has told an inquiry the company’s directors “cannot escape” - they were part of the rift with the NSW casino authorities.
- Zoe Samios
Incitec’s Indonesian suitor has investors brushing up on Cooper’s woes
Indonesian state-owned businesses have not traditionally been major investors in Australia. When they have invested, it has not always turned out well.
- Sarah Thompson, Kanika Sood and Emma Rapaport
BHP averts Pilbara industrial action as train drivers agree to deal
The company’s iron ore train drivers will receive $40,000 in bonus payments under a new workplace agreement that ends a decade of tensions.
- Peter Ker
- Opinion
- Obituaries
The day I predicted the downfall of Tony O’Reilly
Regarded for much of his life as the most successful Irishman in modern history, the industrialist’s charm wasn’t enough to save his business empire.
- Aaron Patrick
TPG Capital wines and dines LPs ahead of Novotech exit
We imagine TPG’s LPs would be pushing to get answers on two of the firm’s biggest investments Down Under: Greencross and Novotech.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Victa lawnmower brand hits the block via 333 Capital
US-based Briggs & Stratton is seeking to exit the region, carving out its Australasia division in a sale led by 333 Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Mystery suitor for Kiwi honey producer Comvita revealed
CVC’s interest in Comvita comes during a busy time for investors in the premium honey sector.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bapcor shuts big warehouses for two weeks to stop inventory blowout
The owner of Autobarn, Burson and Autopro has told car parts suppliers it won’t be taking any deliveries in late June at three large distribution centres in Victoria, Queensland and WA.
- Simon Evans
- Opinion
- Critical minerals
Why WA loves the critical minerals budget boost
Peter Dutton’s refusal to endorse Labor’s plan for production tax credits for critical minerals processing and green hydrogen won’t make him popular in must-win seats in Western Australia.
- Jennifer Hewett
Elders plunges to worst result in 10 years on wayward BOM forecast
Farmers sold livestock and cut orders for farm chemicals based on the weather bureau’s prediction of an El Nino hot and dry period, which did not eventuate.
- Simon Evans
- Opinion
- Chanticleer
Two things can be true in Perpetual’s shock break-up
Perpetual is trying to get shareholders to look strictly at the numbers in a bid to take emotion out of its break-up. KKR’s $2.2 billion of cash can’t hurt.
- Anthony Macdonald
Adamantem Capital doubles down on Environmental Opportunities Fund
Edge Zero, led by former Energy Australia boss Richard McIndoe, is on track to deliver $15 million to $20 million EBITDA in the 2025 financial year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Star shares surge after casino confirms Hard Rock interest
The company has “received inbound interest” from several parties even as it faces the loss of its lucrative Sydney gaming licence.
- Zoe Samios
- Opinion
- Chanticleer
The $64b question at the heart of Mike Henry’s biggest test
Key BHP investors including AFIC are supportive of the mining giant lifting its bid for Anglo American. But the question is: how much?
- James Thomson
- Exclusive
- Insolvency
Doctors owed millions in collapse of service provider
The Melbourne-headquartered eReports allegedly failed to disclose $7.2 million owed to more than 400 specialists before calling in administrators.
- Max Mason
Patriot Battery Metals in $44m capital raise; Euroz, Argonaut on hand
Shares were being offered at 85¢ a pop in a term sheet seen by Street Talk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Analysis
- Mining
Inside Anglo American’s rushed break-up plan
Some of the most senior executives at Anglo American were caught off-guard by Duncan Wanblad’s spectacular break-up plan. Even the CEO himself.
- Updated
- Peter Ker
- Exclusive
- Casinos
Hard Rock Cafe pitches Star rescue plan
The Florida entertainment giant is considering taking control of Star Entertainment with a proposal that would inject more capital into the struggling gaming group.
- Zoe Samios
